Good Evening Preston,
Thank you for your thoughts on other TA indicators to use in conjunction with P&F. The search goes on.
I do know that I've got to "Keep It Simple." Choose a couple indicators that I like and use them. Knowing myself, to do otherwise would put me in a state of "Paralysis from over analysis". (I had that problem in golf for a long time.) For instance, stochastics and RSI both depict oscillations between 0 and 100%. So, I would use just one of these, and probably stochastics. By the way, the best free site for stocastics, Bollinger Bands, etc., that I've found is cbs.marketwatch.com
Are you using simple MA at all? If so, how? (We all know "The trend's your friend. Don't fight the line." etc.) I mean any particulars in duration of MA relative to particular investment horizons?
Regarding stochastics, there is a class act 5 star gentleman named Wayne Van Scoyoc at Subject 18771 who is an outstanding coach, teacher, explainer, etc. He's answered some private message questions to me in a most gracious manner. If SI have out awards for most helpful and willing to share information, I'd nominate Jan and Wayne.
Regarding P&F Preston, I've been making x's and o's for a while now. Being a book nut, I have a pretty good P&F inventory, including Tom's. I was recently discussing P&F experience with Ben, who's way ahead of me in experience, at Message 4066401
Bless his heart, he's agreed to my request.
As I get more up to speed with some of these indicators, I may have a question or two for you. Thanks again, and I will check out the Three Amigos.
Good Investing,
Eric |
